en2019-09-15T12:04:52+00:00The 1975–78 Anti-Inflation Program in Retrospecthttps://www.bankofcanada.ca/2005/12/working-paper-2005-43/
The author provides an overview of the 1975–78 Anti-Inflation Program (AIP), in a background document prepared for a seminar organized by the Bank of Canada to mark the AIP's 30th anniversary.2005-12-02T16:26:02+00:00enThe 1975–78 Anti-Inflation Program in Retrospect2005-12-02CredibilityFiscal PolicyInflation and pricesInflation targetsMonetary policy frameworkMonetary policy implementationWorking Paper 2005-43 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-43.pdfThe 1975–78 Anti-Inflation Program in RetrospectJohn SargentDecember 2005EE3E31E5E52E6E63E64E65Measurement Bias in the Canadian Consumer Price Indexhttps://www.bankofcanada.ca/2005/12/working-paper-2005-39/
The consumer price index (CPI) is the most commonly used measure of inflation in Canada.2005-12-01T14:32:42+00:00enMeasurement Bias in the Canadian Consumer Price Index2005-12-01Inflation and pricesInflation targetsWorking Paper 2005-39 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-39.pdfMeasurement Bias in the Canadian Consumer Price IndexJames RossiterDecember 2005EE3E31E5E52The Exchange Rate and Canadian Inflation Targetinghttps://www.bankofcanada.ca/2005/11/working-paper-2005-34/
The author provides a non-technical explanation of the role played by the exchange rate in Canada's inflation-targeting monetary policy.2005-11-01T13:36:43+00:00enThe Exchange Rate and Canadian Inflation Targeting2005-11-01Exchange ratesInflation targetsMonetary policy implementationWorking Paper 2005-34 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-34.pdfThe Exchange Rate and Canadian Inflation TargetingChristopher RaganNovember 2005EE5E50E52FF4F41The Exchange Rate and Canadian Inflation Targetinghttps://www.bankofcanada.ca/wp-content/uploads/2010/06/ragan1.pdf
An essential element of the Bank of Canada's inflation-targeting framework is a floating exchange rate that is free to adjust in response to shocks that affect the Canadian and world economies. This floating rate plays an important role in the transmission mechanism for monetary policy. A practical question is how the Bank of Canada incorporates currency movements into the monetary policy decision-making process. Only after determining the cause and persistence of exchange rate change, and its likely net effect on aggregate demand, can the Bank decide on the appropriate policy response to keep inflation low, stable, and predictable. Ragan reviews the need to target inflation and the transmission mechanism for monetary policy, including the role of the exchange rate, before describing two types of exchange rate movements and their implications for monetary policy.2005-10-05T15:22:31+00:00enThe Exchange Rate and Canadian Inflation Targeting2005-10-05